Transmitted herewith is a report by the Bureau of Traffic Management. Office of Transportation, on the proposal to increase the rates for the downtown parking meter system and a recommendation to implement the following rate changes effective July 1 1995:

The rate for all 15-minute, I-hour and 3-hour meters will increase to $0.90 per hour.

The rate for all 5-hour meters will increase to $0.50 per hour.

The rate change will facilitate the ongoing effort to manage the on-street parking system to serve the short-term user, enhance turnover, promote the City's parking facilities, reduce congestion and maintain downtown's air quality. The additional revenue generated by this rate increase will be used to maintain a wide range of transportation services that facilitate the movement of people and goods within the City. The attached report, Exhibit A. provides the background, rationale and supporting documentation for the meter rate increase recommendation.

Goran S. Sparrman, Director

Bureau of Traffic Management

Felicia Trader, Director

Portland Office of Transportation

TO THE COUNCIL:

The Commissioner of Public Works concurs with the above referenced report and recommendation of the Bureau of Traffic Management, and recommends:

That the changes in parking meter rates be implemented as outlined in this report. Respectfully submitted,